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  • Archive for November, 2017

    EFSD: Armenian growth is driven largely by exports

    Friday, November 17th, 2017

    The Eurasian Development Bank (EDB) commends Armenia for the positive effect from a set of reforms carried out by its government, Alisher Mirzoyev

    Armenian credit organizations increase lending by 12.42% to AMD 321.8 billion in Jan-Sept 2017

    Friday, November 17th, 2017

    Armenian credit organizations’ credit exposure and leasing transactions has grown 15.42% since the beginning of this year and totaled AMD 321 billion in Jan-Sept 2017

    Ranking of Armenian credit organizations by size of net profit for 9 months of 2017

    Thursday, November 16th, 2017

    The net profit of all Armenian credit organizations in the first three quarters of 2017 tripled from the same time span of 2016 to 35.4 billion drams, according to Arka news agency

    Arka releases fresh issue of its “Credit Organizations of Armenia” bulletin for q3, 2017

    Thursday, November 16th, 2017

    ARKA news agency has released its economic and financial bulletin – “Credit Organizations of Armenia” for the third quarter of 2017

    Armenian central bank head travels to Belarus for Eurasian Economic Union meeting

    Thursday, November 16th, 2017

    Arthur Javadyan, chairman of the Central Bank of Armenia, flied to Minks on Thursday to attend the 15th session of the advisory board of the monetary policies of the Eurasian Economic Union member countries’ central banks, the Armenian regulator’s press office reports

    Armenian central bank has new task

    Wednesday, November 15th, 2017

    The Armenian parliament adopted today in the first reading a set of amendments and additions to the Law on the Central Bank

    Armenia’s FINCA Credit Organization to receive $6-million loan and $200,000 in technical assistance grants from ADB

    Wednesday, November 15th, 2017

    The Asian Development Bank (ADB) is providing $6 million in loans and $200,000 in technical assistance grants to FINCA, one of the leading credit organizations in the country

    Armenian central bank keeps refinancing rate unchanged

    Tuesday, November 14th, 2017

    Armenia’s Central Bank has decided today to keep the refinancing rate unchanged at 6%. It said the inflation in October 2017 was 0.8% as opposed to 0.5% inflation recorded a year ago. As a result the 12-month inflation at the end of October was 1.2%

    VTB Bank (Armenia) develops Super Card

    Tuesday, November 14th, 2017

    VTB Bank (Armenia) said it has designed a new product, called Super Card, which offers a credit line with zero annual interest rate. The client pays only a monthly loan servicing fee (1.4% of the credit limit)

    Asian Development Bank’s 2017 loan portfolio for Armenia’s private sector amounts to $140 million

    Tuesday, November 14th, 2017

    The Asian Development Bank’s loan portfolio for financing the private sector in Armenia amounted to $140 million in 2017, Shane Rosenthal, the head of the ADB Resident Mission, told ARKA News Agency